• Town centre location

• Offered with vacant possession

• Repurposing potential, subject to planning permission

• 756.68 sq metres / 8,145 sq ft Gross Internal Area

• Offers in the region of £200,000, subject to contract

• Low Capital value of £264.31 per sq m / £24.55 per sq ft

The property is situated on Ramsden Street, which serves as a thoroughfare leading from High Street in the west, to the Huddersfield Library & Art Gallery and Piazza Shopping Centre immediately to the east, in the central core of Huddersfield.

Occupiers on Ramsden Street include Skipton Building Society (adjacent), Betfred and Cancer Research.

The Piazza Shopping Centre is home to occupiers include Boots, WHSmith, Card Factory, Greggs, Bodycare and Superdrug.

The town’s prime retailing pitch is centred around the Kingsgate Shopping Centre, a few minutes’ walk to the north-east. Comprising 265,000 sq ft of retail space across 50 stores with a 650 space car park, occupiers include New Look, Next, River Island, Pandora, Swarovski, TK Maxx and Waterstones. In addition, the Packhorse Shopping Centre is a two minute walk to the north. Spanning over 110,000 sq ft, occupiers include H Samuel, Card Factory, Warren James and Ann Summers.

The property is also in close proximity to the University of Huddersfield which is a couple of minutes’ walk to the east. The university is home to nearly 20,000 students and almost £156 million has been invested in campus development. Hence the property benefits from being in an area housing a very large student population.

The property comprises a main building fronting onto Ramsden Street arranged over basement, ground and two upper floors along with a rear part single, part two-storey extension.

The property is currently vacant. The ground floor is a former banking hall which was most recently occupied by a charity and the upper floors comprise former office accommodation which benefit from their own separate entrance via Ramsden Street.

According to the Valuation Office website the rateable value for the property is as follows:

The business rate multiplier is 49.9 pence per pound.

Long leasehold for a term of 999 years from 25th March 1870 (in excess of 846 years unexpired). The freeholder is Huddersfield Council.

The property provides the opportunity to enhance value by development and refurbishment, subject to the receipt of appropriate planning permission and freeholder’s consent.

An example of a possible residential scheme is available to download.

The property has been registered for VAT.

1. The property is situated in the heart of the town centre;

2. Offered with the benefit of vacant possession;

3. Repurposing potential, subject to planning;

4. A purchase at the asking price reflects an attractive low capital value;

5. Attractive lot size to an investor.

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